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Real Estate Prices & Overview

Mercer University median real estate price is $236,195, which is more expensive than 33.7% of the neighborhoods in Georgia and 30.8% of the neighborhoods in the U.S.

The average rental price in Mercer University is currently $1,098, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.2% of Georgia neighborhoods.

Mercer University is an urban neighborhood (based on population density) located in Macon, Georgia.

Mercer University real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Mercer University neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Mercer University. The current real estate vacancy rate here is 40.9%. This is higher than the rate of vacancies in 97.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

The Mercer University neighborhood stands out for having an average per capita income lower than 99.9% of the neighborhoods in the United States. Also of note, 81.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, an extraordinary 74.9% of the residents of the Mercer University neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Also, the Mercer University neighborhood stands out within Georgia for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.7% of college-friendly places to live in GA.

Modes of Transportation

More people in Mercer University choose to walk to work each day (25.5%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Mercer University neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Mercer University neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 66.2% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.8% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

Renter-occupied real estate is dominant in the Mercer University neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.0%, which is higher than 96.8% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 40.9% of the residential real estate vacant, the Mercer University neighborhood claims the distinction of having a higher vacancy rate than 97.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Mercer University neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.8% of all American neighborhoods.

Diversity

Did you know that the Mercer University neighborhood has more Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Haitian ancestry.

Mercer University is also pretty special linguistically. Significantly, 2.0% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 96.0% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Mercer University neighborhood in Macon are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.9% of U.S. neighborhoods. With 81.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.4% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Mercer University neighborhood, 38.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 36.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.3%), and 7.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Mercer University neighborhood is English, spoken by 86.6% of households. Some people also speak Spanish (5.2%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Mercer University neighborhood in Macon, GA, residents most commonly identify their ethnicity or ancestry as German (8.1%). There are also a number of people of Asian ancestry (7.8%), and residents who report Sub-Saharan African roots (5.0%), and some of the residents are also of English ancestry (4.9%), along with some Mexican ancestry residents (4.3%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Mercer University neighborhood spend under 15 minutes commuting one-way to work (66.2% of working residents), one of the shortest commutes across America.

Here most residents (53.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (25.5%) and 8.8% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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